CARETRUST REIT INC (CTRE) Stock Technical Analysis
NYSE:CTRE - New York Stock Exchange, Inc. - US14174T1079 - REIT - Currency: USD
We assign a technical rating of 8 out of 10 to CTRE. Both in the recent history as in the last year, CTRE has proven to be a steady performer, scoring decent points in every aspect analyzed.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
CTRE is part of the Diversified REITs industry. There are 129 other stocks in this industry. CTRE outperforms 89% of them.
In the last month CTRE has a been trading in the 27.27 - 29.75 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
CTRE has an average volume of 1638430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, CTRE did better than 85% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
CTRE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CTRE is lagging the market slightly.
Besides having an excellent technical rating, CTRE also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 28.57, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
24.65
29.84
When analyzing the support we can see 3 important areas.
- A support zone ranging from 28.06 to 28.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @26.00 from a trend line in the weekly time frame.
- A support zone ranging from 24.90 to 24.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 28.75 to 29.54. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CTRE is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CTRE is neutral. |
| ChartMill Relative Strength | 85.61 | POSITIVE | CTRE has a high relative strength, it outperformed 85.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CTRE is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CTRE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CTRE is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.38 | NEUTRAL | The RSI value for CTRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests CTRE has a negative trend. |
| Stochastics (14,3) | 44.89 | NEUTRAL | The Stochastics value for CTRE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.41 | MEDIUM VOLATILITY | The ATR as a percentage value for CTRE suggests some volalility. |
| Average Directional Index/ADX (14) | 17.34 | NEGATIVE | The low ADX value for CTRE suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 29.55 | 28.05 | 1.50 (5.08%) | 19.70% |
| An entry @29.55. This is a Buy Stop order right above the resistance zone. | An exit @28.05. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.50 points, which is 5.08%. | For a 1.00% total portfolio risk, you can invest 19.70% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
28.6
+0.28 (+0.99%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg0.99%
1 Week-1.99%
2 Weeks-1.89%
1 Month1.78%
3 Month14.72%
6 Month-5.61%
12 Month12.69%
2 Year47.42%
3 Year54.34%
5 Year53.52%
10 Year119.33%
15 YearN/A
Volatility
ATR(14)0.64
ATR(20)%2.41%
ATR Inc-36.07%
Range Today0.39
ADR(20)0.67
ADR(20)%2.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.61
Mansfield0
10 Day High29.76
10 Day Low27.72
20 Day High29.76
20 Day Low27.27
52 Week High33.15
52 Week Low24.35
CS1 End28.57
CR1 Start28.75
Volume & EV
DER(3)2.42%
DER(5)1.51%
Volume1.06M
Volume Incr27.77%
Vol(5)1.78M
Vol(50)1.64M